I saw in the most recent corporate presentation that the $ left in the coffers was lower (3M) than the last presentation (7M i think), presumably due to the CXM acquisisitons and VDK drilling activities. For my $, I'd rather see them doing stuff than sitting, especially if both were good bargains.

I think all of this activity, burn rate, and even the statement that still exists in the presentation that CUU is still looking for opportunities means either 1 of 2 things:

1. They really are poor managers and are burning thru their resources with abandon

or

2. They strongly suspect (or know already) that Teck will proceed with a production decision and another 20M will be forthcoming in 2014.

K